Congresswoman presses Geithner on connections to Goldman Sachs

David Edwards
Raw Story
Tuesday, March 24, 2009
http://rawstory.com/news/2008/Waters_...

Rep. Maxine Waters (DEM-CA) asked Treasury Secretary Timothy Geithner about his connections to Goldman Sachs at a House banking hearing Tuesday morning. Goldman Sachs is known to have received bailout money given to A.I.G. Goldman may have participated in the government decision to provide the original bailout money to A.I.G.

Geithner told Waters that Goldman Sachs could help manage the new program to help banks remove toxic assets from their books. It is possible, if they are qualified, he said.

Former Treasury Secretary Hank Paulson once served as Chairman and Chief Executive Officer for Goldman Sachs, afer working for the firm for decades.

Neither did it look good when Geithner — himself a protégé of notorious Goldman alum John Thain, the Merrill Lynch chief who paid out billions in bonuses after the state spent billions bailing out his firm — picked a former Goldman lobbyist named Mark Patterson to be his top aide, writes Matt Taibbi in Rolling Stone.

In February, Congresswoman Waters received a lot of attention after telling the heads of J.P. Morgan Chase, Bank of America, Goldman Sachs and five other powerhouses at a prior House hearing, To the captains of the universe sitting here before all of us, all of my political life I have been in disagreement with the banking industry.

The Washington Post noted that Waters was dripping sarcasm from every syllable of captains and universe. Bank of America chief executive Kenneth Lewis attempted a little joke in response, saying, I feel like a corporal of the universe. Stony silence from the seething Waters.

Lesson to future Hill witnesses: Dont taunt a grouch, Frank Ahrens wrote for the paper. Especially one with power.

This video is from CNNs Newsroom, broadcast Mar. 24, 2009.
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[WorldIslamicOrder]

the look of a mad man of satanic power drinking blood and wiping his ass with your money..

[zeitgeisthero]

I swear I saw Geitner shapeshift. lol. That sneaky rat. Intentionally wasting her time clock. It seems now adays there are few people in federal congress that arnt owned by the banksers. They are all connected. Geitner is an agent of one of the largest banking cartels on the planet, The Federal Reserve. Right now they are straight up burning the house down and walking away rich as hell, as John Stewart would say.

[plum26754]

What in the world did you fools think Obama meant when he said CHANGE IS COMING TO AMERICA?!

You voted your freedom away and now you think you can have it too! Idiots.

[ExposedHeads]

"in fact, he is only our shot now" - if Geithner represents the best the Obama administration has to offer - a former tax evader - this country is screwed.

Another joke is the very Liberals that confirmed him are now challenging him. How stupid he is not to realize he will become the fall guy for the total financial mismanagement of the money policy of the USA.

The Constitution states the ONLY authority for the budget is Congress, now over 2 yrs under Dem. control.

[booooooohooooooo]

he is a guy trying to do his job. give this guy a shot -- in fact, he is only our shot now.

[booooooohooooooo]

he is a guy trying to do his job. give this guy a shot -- in fact, he is only our shot now.

[booooooohooooooo]

he is a guy trying to do his job. give this guy a shot -- in fact, he is only our shot now.

[TerminalLance12]

Notice how he says "those are decisions made by YOUR government". I guess he doesn't consider himself American.

[hopetoseeuthere]

hang him by his shoe stings

[boomunch1]

FREE FREE FREE!